Office Hours: Monthly Recurring Revenue

Hello Seven Podcast

Rachel Rodgers

Self-improvement, Entrepreneurship, Careers, Business, Education

4.8 • 601 Ratings

🗓️ 14 November 2019

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join me on this episode of Office Hours as I discuss how to identify your business’ needs in terms of revenue that you can rely on being in your bank account every month, and how you can take a focused approach to achieve this goal, whatever the number is for your business. Get full show notes and more information here: https://helloseven.co/oh6

Transcript

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0:00.0	Welcome to the Million Dollar Badass Podcast. I'm your host, Rachel Rogers, wife, mother to four children, lover of Beyonce, coffee drinker, and Afro-Werer. And I just happen to be the CEO of a seven-figure business. I am on a mission to help every woman I meet become a millionaire.
0:23.1	If you want to make more money, you are in the right place. Let's get it going.
0:28.5	Hello, friends. Welcome to office hours. I'm showing you behind the scenes in my million
0:34.5	dollar badass mastermind. Every week week I get together with a group of
0:38.8	ambitious, intelligent, brave women and deliver a motivational pep talk, sometimes in the form of a
0:46.0	kick in the ass. Okay? And afterward, I answer specific questions for members who need help on
0:52.0	strategy, hiring, marketing, working with clients,
0:55.9	getting more clients, all of the things that come with, building and scaling a successful
1:00.9	business. So to get access to that good stuff, make sure you join my email list on hello7.co.
1:07.9	You'll be the first to know when I open enrollment for the next million dollar badass cohort.
1:12.9	Until then, grab some tea and get ready to take notes. It's office hours.
1:18.4	Hello, friends. I recently had my team here for our team retreat, and it was delightful
1:24.4	and highlighted certain things that I want to remind our clients of. One of those things
1:31.1	is monthly recurring revenue. So that's what I want to talk to you guys about today. Monthly
1:35.6	recurring revenue is very important. It's just like, you know, as human beings, we have blood
1:41.5	flowing through our veins. Our businesses have
1:44.2	monthly recurring revenue instead of blood. It is the lifeblood of your business. So how do
1:51.5	you create it? Everybody wants to say a membership. For some reason, there is this like
1:56.7	obsession with memberships right now and creating a membership community. And membership communities
2:01.3	can be great, but they're really great for people who already have an established community,
2:06.5	because if you've already got an established community and a good size mailing list of potential
2:12.5	clients, that's when it's a really good time to consider a membership for recurring revenue. But that's not
	...

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